October 17, 2019
Brazil's Renova Energia said it has filed for bankruptcy protection, going to court to restructure BRL3.1bn ($746m) in total debt.
The São Paulo-based renewable energy company listed debt to banks and other creditors, along with BRL834m in intercompany debt and BRL980m owed to shareholders.
"The company, through a judicial recovery plan that will be presented to creditors for approval within the legal timeline, intends to reestablish its economic and financial balance and honor the commitments i
Brazilian renewable energy company goes to court to restructure $746m in debt